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AM Best upgrades credit rating outlook for The Florida Bar’s captive
21 January 2025
US Reporter Diana Bui

AM Best has revised the outlook to ‘positive’ from ‘stable’ for the long-term issuer credit rating for Florida Lawyers Mutual Insurance Company

Cytora partners with Smarty to enhance property risk underwriting
21 January 2025
US Reporter Diana Bui

Cytora has partnered with Smarty to embed its US property data — offering over 350 attributes — into its platform to facilitate property risk evaluation for insurers

Lloyd’s risk transformation platform hits US$1.92bn of deployed capital
20 January 2025
UK Reporter Diana Bui

Lloyd’s London Bridge risk transformation platform has reached US$1.92 billion of deployed capital by the end of 2024, attracting US$2.55 billion of capital committed

Arch promotes Bottle to Managing Director of UK Regional Division
20 January 2025
UK Reporter Diana Bui

Arch Insurance International has appointed Mike Bottle to managing director of the UK Regional Division, following the retirement of Steve Bashford as chief executive of the unit

CIMA sees growth for Cayman’s captive insurance sector
17 January 2025
Cayman Islands Reporter Clelia Frondaroli

The report notes that 40 new international insurers licenses were issued within 2024, which included one Class D open market reinsurer

Hanson appointed as Aon’s managing director
17 January 2025
US Reporter Clelia Frondaroli

The new appointment comes after a 25-year tenure at the company, where Diane Hanson has served in a number of roles including accounting executive

VCIA unveils new brand and website
16 January 2025
US Reporter Diana Bui

The Vermont Captive Insurance Association (VCIA) has launched a rebrand featuring an updated logo, tagline and website, as it celebrates its 40th anniversary this year

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Latest issue 278
Issue archive
Inside this issue

In this issue of Captive Insurance Times, Karl Loomes sits down with Jason Stevenson, director at ALT/r Consulting, to discuss the role of an independent consultancy and how to advise clients interested in captives.

As digital assets gain traction, the Bermuda Monetary Authority has adapted its regulatory framework, creating new opportunities for captive insurers in this evolving space.

Elsewhere, Diana Bui talks to Diana Hardy and Bailey Roese, co-chairs of CICA’s NEXTGen initiative, about strategies for attracting more young talent to the captive insurance industry.

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Interviews
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Mark Wiedeman
Tennessee Department of Commerce and Insurance

Mark Wiedeman, director of captive insurance at the Tennessee Department of Commerce & Insurance, discusses how Tennessee is emerging as a frontrunner in the rise of mid-market captives

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Carl Ericson
ClearPoint Health

Carl Ericson of ClearPoint Health shares his passion for developing innovative solutions for captive insurers in the healthcare space

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Kristen Peed
Risk and Insurance Management Society

Kristen Peed, president at the Risk and Insurance Management Society, speaks with Diana Bui about her aspirations to support and promote collaboration within the global risk professionals community

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Mariame Vásquez
Mandarin Re

Mariame Vásquez shares her aspiration to see the reinsurance captive grow, especially in emerging markets, and to be an active part of that expansion

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Features
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A captive solution with premium potential

Capable, compelling, and with lower costs than a single-parent captive, Mark Dugdale looks at renting captives as an alternative risk financing strategy

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Weathering the storm

Industry experts examine how businesses can harness captives and reinsurance solutions to mitigate unprecedented climate risks

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Understanding IRS’s final rules on micro-captive transactions

As the IRS tightens rules on micro-captive transactions, industry experts highlight key implications for captive owners and outline strategies to navigate new compliance hurdles

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Domicile profiles
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Barbados

Carmel L. Haynes, executive director at Barbados International Business Association, highlights the significance of the upcoming Barbados Risk & Insurance Management 2025 Conference in fostering innovative solutions and global collaboration in the industry

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Europe

Experts from AM Best delve into transformative trends in European captive insurance market, outlined in their latest report ‘New Domiciles Are Changing the Landscape for the European Captive Insurance Segment’

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Hong Kong

The success of Hong Kong’s current cohort of captives is spurring the jurisdiction’s leaders and regulators into action in a bid to encourage local and Chinese companies to follow suit

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Delaware

Delaware’s rise as a key player in captive space is no accident, with its robust regulatory framework, strategic location, and commitment to responsive service making it a top choice for businesses

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